The strange simplicity of economic relationships An odd feature of economics is that economies constitute an apparently complex system, but analysts are often willing to give confident answers about aggregate outcomes, based on simple relationships that always hold.

Welcome to the revolution. Our elites have exposed their hand. They have nothing to offer. They can destroy but they cannot build. They can repress but they cannot lead. They can steal but they cannot share. They can talk but they cannot speak. - 2011/11/15